Clause 40 Foundation

Analysis

Clause 40 Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Clause 40 Foundation reported income of $100k and spending of $114k, spending 114% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $342k to $100k (-71%), an average of -34% a year. The sharpest change came in the year to December 2021, when income dropped by 74%. Over the whole period it spent 112% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Clause 40 Foundation sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 19th percentile within DC. Charities of a similar size with the same main cause include Equity Alliance Health of Illinois ($100k), Humble Beginnings Inc ($100k) and League of Women Voters of Illinois Education Fund ($100k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.1% of the total. Compensation of current officers, directors and key employees was $27k (24% of expenses). Other salaries and wages came to $45k. At year end it held assets of $82k against liabilities of $210k, net assets of -$128k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.